On Monday, Shares of Regions Financial Corporation (NYSE:RF), lost -7.14% to $8.98.
Regions Bank has named Julz Burgess head of its Corporate Trust Group. Burgess will provide planned direction for Regions Corporate Trust with an emphasis on business development, client service and retention. Burgess will also manage Regions Institutional Services’ Escrow business.
Burgess has more than 24 years of experience in the corporate trust area and joins Regions from Bank of New York (BNY) Mellon Trust Company where she most recently served as Managing Director of the U.S. Corporate Finance Client Service Administration team. She will report to John Parker, head of the Institutional Services Group within Regions Wealth Administration, replacing Kevin Kirby, who recently stepped down from Regions.
“Julz has a diverse and extensive background in the corporate trust arena and I’m happy that she has joined my leadership team,” said Parker. “Regions Corporate Trust plays an integral role assisting municipalities and corporation’s access capital. Under Julz’ leadership, we will work to serve more existing Regions banking clients and engage new clients.”
Regions Bank’s Corporate Trust Group is the nation’s fourth-largest trustee banki, with more than 80 years of history providing trust and agency services for both municipal and corporate clients. Regions’ practiced corporate trust professionals service $126 billion in outstanding debt on behalf of their clients and have gained more than 500 successor appointments.
Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.
Shares of Groupon, Inc. (NASDAQ:GRPN), declined -2.68% to $3.99, during its last trading session, hitting its lowest level.
Groupon Inc. paid $69 million cash for Baltimore food ordering and delivery startup OrderUp as part of a deal that could be worth up to $89 million.
The July deal comprised of a contingent consideration of up to $20 million, subject to meeting certain financial metrics and other aims, according to Groupon’s most recent quarterly report filed with the federal Securities and Exchange Commission.
Financial terms of the deal were not initially revealed.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
Finally, Werner Enterprises Inc. (NASDAQ:WERN), ended its last trade with -2.05% loss, and closed at $26.25.
Werner Enterprises declared that its Board of Directors declared a regular quarterly cash dividend of $.060 (6.0 cents) per common share payable to stockholders of record at the close of business on October 5, 2015. This dividend is a $.010 per share enhance (or 20%) contrast to the Company’s previous quarterly dividend rate of $.050 per share. This dividend will be paid on October 20, 2015.
Werner Enterprises has paid a quarterly cash dividend to its stockholders every quarter since July 1987.
Werner Enterprises, Inc., a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce. The company operates in two segments, Truckload Transportation Services and Value Added Services.
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